In recent years we have seen how the consumer society in which we live motivates us to buy impulsively, although we do not really need many of those products. Therefore, adults themselves have been losing the meaning of the value of money and the effort that is necessary to obtain it. Through small gestures and daily habits, we transmit these anti-values to children, who do not already have a very clear idea of what money is for and what is the true price of things.
In fact, most children are not aware of where the money comes from, what it means, and how much effort it takes to get it. So much so that when they are very young they prefer several 10 cent coins instead of a single 2 euro coin and also think that with that amount they can buy whatever they want. Obviously, the reality is different and the sooner children understand it, the better.
Teaching a child what money means and what its true value is is not easy, but it is not mission impossible either. You can put some of these tips into practice:
Take your child shopping and show him the difference between a cheap price and an expensive one. You may not yet be ready to take in the numbers and you may not have mastered the concepts behind them, but you will understand that money is used to obtain products and that some cost more than others.
Explain that money is earned through hard work and that it is always limited. You can tell him that some people have more money than others and that is why there are those who can afford some purchases while others cannot. This way you can understand why some of his friends have things that he doesn’t have. It is also important that you explain that regardless of the amount of money you have, expenses should be limited and you should not buy things that are not needed.
Show him the advantages of creating a budget and matching the money that is brought in with the expenses. This way you will understand that you should not spend more than you have. Explain that sometimes it is normal to have some limitations due to lack of money and that it is important to learn to deal with them without feeling frustrated.
Let him know that it is not only important to know how to make money but also to learn how to spend it wisely. To do this, you can give him a weekly payment and explain that he should not buy on impulse, but by necessity and that he must plan the things he wants to buy, both in the short and long term.
Teach him to find good deals. When you go shopping, you can ask him to give you his opinion on the different product offers. This way you will not only learn to value the convenience of the offers but you will also feel important.
Talk about the value of sharing what you have. It is important for your child to learn that people who have greater economic possibilities should help the less favored and without belittling them. A good strategy is to take him to buy some toys and then go and donate them to an institution for children without subsidiary protection.
Preach by example. Remember that your child is always aware of your behaviors. Therefore, if he sees that you spend without measure and that you have things that you do not use, he will want to imitate you.